“The Nifty is consolidating within the 23,400-23,800 range, with sentiment remaining weak in the short term as long as the index stays below 23,800. A decisive move above 23,800 could trigger a strong rally, while a fall below 23,400 may induce panic in the market, based on technical indicators like the 20EMA and 50EMA bearish crossover.”

Rupak De’s track record: 27 graded calls · 95% CI 34–69%